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Wyoming's Powder River Basin, a huge treeless ellipse that runs from Casper north to Sheridan, contains an estimated 400 billion metric tons of coal-enough to provide the entire U.S. electricity needs for the next 250 years...

Author: /time Magazine | Title: Business: Denver's Mile-High Energy Boom | 8/13/1979 | See Source »

...Union have been sending back disturbing reports: floods followed by drought have badly damaged the crops. Last week, in a secret meeting in London, Soviet agricultural officials conceded to their American counterparts that the U.S.S.R. is headed toward one of its most disappointing grain harvests ever-about 185 million metric tons, way down from last year's 237 million metric tons. The Soviets asked to enlarge significantly their purchases of American wheat and corn, so that they will rival in magnitude the record Russian buying...

Author: /time Magazine | Title: Business: Grain for Ivan | 8/13/1979 | See Source »

...London meeting, Agriculture Secretary Bob Bergland unwrapped a package of measures intended to bring cheer-and perhaps as much as $1.8 billion in increased income during election year 1980-to the nation's farm lands. Over the next 14 months, the U.S. will sell the Soviets 10 million metric tons of wheat and another 10 million metric tons of corn; the wheat alone is enough to provide every Soviet man, woman and child with almost 100 1-lb. loaves...

Author: /time Magazine | Title: Business: Grain for Ivan | 8/13/1979 | See Source »

...futures prices began early in June, when the DOA confirmed rumors that because of late planting and un usually dry, windy weather this spring, the 1979 Soviet grain crop could come in at between 170 million and 210 million metric tons; that would be far under the record 237 million metric tons harvested in 1978 and as much as 25% below the Kremlin's target for this year...

Author: /time Magazine | Title: Business: A New Soviet Grain-Buying Spree | 7/9/1979 | See Source »

...happens, U.S. grain elevators are bulging with enormous stocks, particularly of corn; at last reckoning the corn supply stood at 82.1 million metric tons, which is 14% more than was on hand in 1978. In addition, the winter wheat crop, which is now being gathered in and commonly accounts for three-quarters of the nation's yearly wheat production, is estimated to be a hefty 1.43 billion bu., 8% more than was expected in May. Though beef will remain in short supply until ranchers finish rebuilding their still skimpy herds, pork production is at near record levels and poultry...

Author: /time Magazine | Title: Business: A New Soviet Grain-Buying Spree | 7/9/1979 | See Source »

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